Proficio Capital Partners LLC Purchases 844,217 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Proficio Capital Partners LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 42,529.8% in the fourth quarter, Holdings Channel reports. The fund owned 846,202 shares of the home improvement retailer’s stock after acquiring an additional 844,217 shares during the quarter. Proficio Capital Partners LLC’s holdings in Lowe’s Companies were worth $208,843,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in shares of Lowe’s Companies by 1.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 93,311 shares of the home improvement retailer’s stock valued at $23,029,000 after acquiring an additional 1,417 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Lowe’s Companies by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 145,864 shares of the home improvement retailer’s stock worth $35,999,000 after purchasing an additional 591 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Lowe’s Companies by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 227,145 shares of the home improvement retailer’s stock worth $56,059,000 after purchasing an additional 4,400 shares during the last quarter. Apriem Advisors raised its position in Lowe’s Companies by 1.0% during the 4th quarter. Apriem Advisors now owns 7,361 shares of the home improvement retailer’s stock worth $1,817,000 after purchasing an additional 76 shares during the last quarter. Finally, Convergence Financial LLC raised its position in Lowe’s Companies by 2.7% during the 4th quarter. Convergence Financial LLC now owns 7,553 shares of the home improvement retailer’s stock worth $1,864,000 after purchasing an additional 202 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Evercore ISI raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Truist Financial raised their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Mizuho lifted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, DA Davidson lifted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Stock Performance

LOW stock opened at $247.16 on Thursday. The company has a market capitalization of $139.56 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The business has a 50-day simple moving average of $252.48 and a two-hundred day simple moving average of $258.86.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.